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Cash Flow Information
 12 Months Ended
Jan. 31, 2020
Onerous contracts  
Cash Flow Information

36 Cash Flow Information

 

  (a) Reconciliation of result for the year to cashflows from operating activities

 

Reconciliation of net income to net cash provided by operating activities:

 

    Year Ended
31 January 2020
NZ$000’s		     Year Ended
31 January 2019
NZ$000’s		     Year Ended
31 January 2018
NZ$000’s		  
Loss for the year     (54,305 )     (49,220 )     (37,593 )
Cash flows excluded from profit attributable to operating activities                        
- interest paid on borrowings     2,868       3,400       8,792  
- gain on sale of intangible assets     (906 )     -       -  
Non-cash flows in profit:                        
- depreciation and amortisation expense     10,603       2,382       3,030  
- impairment expense     8,904       8,173       1,914  
- shares issued in lieu of inventory payment     5,942       -       -  
- warrants issued     371       -       -  
- fair value gain/(loss) on convertible notes derivative     -       775       (2,393 )
Changes in assets and liabilities:                        
- (increase)/decrease in trade and other receivables     2,901       14,267       14,925  
- (increase)/decrease in current tax receivables     368       (355 )     52  
- (increase)/decrease in inventories     (1,912 )     13,350       6,638  
- (increase)/decrease in deferred tax asset/(liability)     711       (692 )     -  
- (increase)/decrease in related party receivables     282       6,531       (906 )
- increase/(decrease) in trade and other payables     402       (5,681 )     6,956  
- increase/(decrease) in income taxes payable     (140 )     226       152  
- increase/(decrease) in provisions     5,534       (522 )     39  
- increase/(decrease) in foreign currency derivative liability     (1,484 )     (1,712 )     (5,104 )
- net exchange differences     (33 )     (355 )     (618 )
Cashflows from operations     (19,894 )     (9,434 )     (4,116 )

 

 

  (b) Non-cash investing and financing activities

 

Investing and financing transactions that do not require the use of cash or cash equivalents (i.e. non-cash) are excluded from the statement of cash flows. Such transactions are disclosed below that provides all the relevant information about the non-cash investing and financing activities specific to the Group:

 

    Year Ended 31 January 2020
NZ$000’s		     Year Ended 31 January 2019
NZ$000’s		     Year Ended 31 January 2018
NZ$000’s		  
Shares issued in lieu of inventory payment     15,525            -             -  
Warrants issued     371       -       -  
      15,896       -       -